Astec Industries (NASDAQ:ASTE) will be posting its quarterly earnings results before the market opens on Monday, February 19th. Analysts expect Astec Industries to post earnings of $0.44 per share for the quarter.
Shares of Astec Industries (NASDAQ:ASTE) opened at $59.38 on Monday. The stock has a market capitalization of $1,370.00, a PE ratio of 35.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06. Astec Industries has a 12 month low of $45.70 and a 12 month high of $73.37.
ASTE has been the subject of several analyst reports. Zacks Investment Research upgraded Astec Industries from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, January 9th. William Blair upgraded Astec Industries from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 2nd. BidaskClub cut Astec Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. TheStreet cut Astec Industries from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. Finally, Seaport Global Securities restated a “hold” rating on shares of Astec Industries in a report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $73.33.
About Astec Industries
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.
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